Page 353 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/22/25, 4:30 PM AqlanX secures $10 million investment from DoxAI to launch Arabic-first enterprise AI in Middle East – UAE Business and Travel In…
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, 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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