Page 347 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/22/25, 4:29 PM AqlanX secures $10 million investment from DoxAI to launch Arabic-first enterprise AI in Middle East - Aletihad News Center

The company’s roadmap is tightly aligned with the UAE’s innovation and digital economy strategy, positioning the

nation as a hub for AI and innovation-driven ventures.

As part of its national capacity-building strategy, AqlanX, DoxAI and Lakeba have also formed a strategic partnership
with the University of Wollongong in Dubai (UOWD) to establish an AI Centre of Excellence. This initiative will cultivate
homegrown AI talent, research, and innovation directly in the UAE.

The agreement was signed in the presence of Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign

Trade, who commented, "This collaboration between AqlanX, Lakeba, and DoxAI demonstrates the power of the
NextGen FDI program to catalyse strategic, cross-sector partnerships. It underscores our commitment to fostering an
ecosystem that nurtures innovation and collaboration in priority sectors like artificial intelligence."

Giuseppe Porcelli, Executive Chairman of Lakeba and DoxAI, said, "This investment is more than capital—it's a
commitment to a shared vision. AqlanX represents the next frontier of enterprise AI in the Middle East, and we are

proud to bring our experience, technology, and strategic resources to support its growth."

Demetrio Russo, Founder and CEO of AqlanX, added, "With Lakeba and DoxAI behind us, AqlanX is equipped to

deliver Arabic-first AI that is not only world-class, but also born in, and for, the UAE. We are building an innovation hub
that reflects the ambitions of this region and empowers its enterprises to lead globally."

With its foundation backed by the expertise and intellectual property of DoxAI, and strategic capital from Lakeba
Ventures, AqlanX is positioned to become a regional leader in enterprise AI.

The NextGen FDI initiative, launched in 2022, is a core component of the UAE’s strategy to promote investment into

future-focused sectors, solidify its position as a global hub for innovation, and accelerate the diversification of the
national economy. AqlanX joins a cohort of more than 100 companies operating in sectors such as renewable energy,
advanced manufacturing, and robotics.

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