REGINA — A recent report from the Government of Saskatchewan highlighted several potential ventures that could lead to foreign investment in provincial projects.
The report covered Q1 2024-2025 outreach efforts by the province’s Trade and Export Development Ministry.
Among the initiatives was an extension to an MOU between the Japanese Overseas Infrastructure Investment Corporation and the Government of Saskatchewan to identify new investment opportunities in helium and carbon capture, utilization and storage technology.
Another was the signing of a letter of intent between the governments of Saskatchewan and France to explore, develop and co-operate on new projects related to strategic mineral resources.
“Saskatchewan continues to reach new heights on the global stage,” Trade and Export Development Minister Jeremy Harrison stated. “We are seeing record investment and global partnerships thanks to the work we have put in abroad, including the role of our international office network.”
Q1 numbers show exports to Indonesia have increased by 97.6 per cent compared to the same period the previous year. The total export value was $279.7 million, driven by a 490.5 per cent increase in potash. Exports to Peru increased by 19.4 per cent compared to the same period the previous year. The total export value was $105.5 million, driven by exports for non-durum wheat. Exports to Morocco and China also increased by 12.4 per cent and 8.7 per cent, respectively.
Additionally, during Q1, the Government of Saskatchewan hosted 12 incoming diplomatic delegations, including the high commissioner of India to Canada, the ambassador of Saudi Arabia to Canada, the ambassador of Jordan in Canada, and other dignitaries from the United States, Netherlands, Switzerland, the United Republic of Tanzania, Kenya and Guatemala.
Private capital investment is projected to reach $14.2 billion in 2024, an increase of 14.4 per cent over 2023. This is the highest anticipated percentage increase in Canada, stated the province.
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