Page 363 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

enterprise AI within the Middle East. "This investment is more than capital—it's a commitment to a
shared vision," he said.

Demetrio Russo, Founder and CEO of AqlanX, expressed confidence in their partnership with
Lakeba and DoxAI. He highlighted their goal to deliver world-class Arabic-first AI solutions
developed specifically for the UAE. "We are building an innovation hub that reflects the ambitions
of this region," Russo added.

Building Local Talent

AqlanX has partnered with the University of Wollongong in Dubai (UOWD) to establish an AI Centre
of Excellence. This initiative aims to nurture local AI talent and foster research directly within the
UAE. It forms part of AqlanX’s national capacity-building strategy alongside DoxAI and Lakeba.

The NextGen FDI initiative was launched in 2022 as part of the UAE’s strategy to attract investments
into future-focused sectors like renewable energy and robotics. It aims to solidify the nation’s
position as a global innovation hub while diversifying its economy.

With backing from DoxAI's expertise and Lakeba Ventures' strategic capital, AqlanX is poised to
become a regional leader in enterprise AI. The company joins over 100 firms operating in advanced
sectors under this initiative.

The investment marks a significant milestone for AqlanX as it continues its mission to enhance
digital capabilities across the Middle East while contributing to the UAE's broader economic goals.

https://www.onearabia.me/business/aqlanx-secures-usd-10-million-investment-from-doxai-011-
109055.html