Page 366 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/22/25, 4:31 PM AqlanX secures $10 million investment from DoxAI to launch Arabic-first enterprise AI in Middle East
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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