DoxAI Joins UAE's NextGen FDI Initiative To Establish Regional Headquarters In Dubai

The Ministry of Economy has revealed that DoxAI, a company specialising in AI solutions for simplifying business processes, is joining the NextGen FDI initiative. This programme aims to attract advanced technology firms to the UAE. It will assist DoxAI in setting up its regional headquarters in Dubai and expanding its operations to serve both regional and global markets.

DoxAI uses artificial intelligence and machine learning to improve document processing, automate data extraction, and enhance identity verification. This provides businesses with real-time insights. By minimising human intervention and integrating smoothly with existing systems, DoxAI helps organisations optimise operations, cut costs, and focus on growth-driving strategies.

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, expressed enthusiasm about DoxAI joining the initiative. "We are delighted to welcome DoxAI to the NextGen FDI initiative. Their expertise in AI-driven automation will play a vital role in supporting the UAE's digital transformation journey and further strengthening our advanced technology ecosystem," he stated.

He also mentioned that this partnership aligns with the UAE's vision of fostering a knowledge-based economy. It reinforces the country's commitment to becoming a global hub for innovation and entrepreneurship. The company's regional headquarters will be located in Dubai's Rolex Tower initially.

DoxAI plans to deploy its first 15 units from Australia and India as part of its expansion strategy. Additionally, it aims to form strategic partnerships with local universities like the University of Wollongong. The company is also developing a talent recruitment plan for 2025-2026.

Giuseppe Porcelli, Founder and Chairman of DoxAI, commented on the UAE's market potential: "The UAE is a dynamic and forward-thinking market, offering unparalleled infrastructure, a business-friendly environment, and access to a vibrant technology ecosystem. Joining the NextGen FDI programme is a game-changer for DoxAI."

Enhancing Digital Infrastructure

The UAE's focus on artificial intelligence aligns with its broader goals of enhancing digital infrastructure and creating smart industries. By attracting cutting-edge technology companies like DoxAI through public-private partnerships, the UAE strengthens its leadership in emerging technologies that drive economic growth.

The NextGen FDI initiative was launched in 2022 to attract high-growth advanced technology companies to the UAE. This effort supports the country's ambitions to become a leader in digital transformation by fostering innovation and entrepreneurship within its borders.

With inputs from WAM