DoxAI Joins UAE's NextGen FDI Initiative to Drive AI Innovation
The Ministry of Economy has announced that DoxAI, a leading provider of AI solutions for business automation, has joined the NextGen FDI initiative, reinforcing the UAE's commitment to attracting advanced technology companies.
As part of the programme, DoxAI will establish its regional headquarters in Dubai and scale its operations to serve regional and global markets. The company leverages AI and machine learning to enhance document processing, automate data extraction, and improve identity verification, enabling businesses to reduce operational complexities and costs.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, welcomed the collaboration, stating, 'DoxAI's expertise in AI-driven automation will play a vital role in supporting the UAE's digital transformation and strengthening our advanced technology ecosystem.'
He emphasized that the initiative aligns with the UAE's vision of fostering a knowledge-based economy and positioning itself as a global hub for innovation.
Initially, DoxAI's headquarters will be located in Dubai's Rolex Tower, with plans to deploy 15 units from Australia and India. The company also aims to expand its footprint in the UAE by forging partnerships with local universities, such as the University of Wollongong, and implementing a talent recruitment strategy for 2025-2026.
Giuseppe Porcelli, Founder and Chairman of DoxAI, highlighted the UAE's dynamic tech landscape, stating, 'The UAE offers unparalleled infrastructure and a business-friendly environment. Joining NextGen FDI is a game-changer for DoxAI.'
Launched in 2022, the NextGen FDI initiative is designed to attract high-potential tech companies to the UAE, reinforcing the nation's role as a leader in AI and digital transformation.
News Source: Emirates News Agency
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