Page 358 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/22/25, 4:30 PM AqlanX Secures US$10 Million Investment from DoxAI to Launch Arabic-First Enterprise AI in the Middle East - Middle East Busine…
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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