Page 361 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/22/25, 4:31 PM UAE-based AqlanX secures $10mn investment from DoxAI
support its growth,” said Giuseppe Porcelli, Executive Chairman of Lakeba and

DoxAI.

Demetrio Russo, Founder and CEO of AqlanX, noted that, “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.

Launched in 2022, the NextGen FDI initiative is a core component of the UAE’s

strategy to promote investment in 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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