In 2013, the foreign ministers of Canada and the UAE announced the Canada-UAE Strategic Agenda to strengthen and energize the bilateral relationship. The Agenda has three pillars: Prosperity, Security, and Development. As part of the prosperity pillar, the ministers jointly created the Canada-UAE Business Council (CUBC) to provide strategic recommendations to both governments. After 18 months of deliberations between appointed business leaders from the UAE and Canada, the business leaders presented eight recommendations. The first recommendation was to create a permanent, private-sector driven CUBC in both countries.
The CUBC was incorporated in Toronto in 2016. The Council’s head office opened in downtown Toronto in 2017 and a permanent presence was setup in Dubai in 2019. The primary mandate of the organization is to play a central role in government-to-business engagement and a supporting role in government-to-government engagement.