Dubai: The Ministry of Economy has announced that DoxAI, a provider of AI solutions designed to simplify business processes and reduce operational complexities, has joined its NextGen FDI initiative. The programme, which seeks to attract high-growth advanced technology companies to the UAE, will support DoxAI in establishing its regional headquarters in Dubai and scaling its operations to serve regional and global markets.
According to Emirates News Agency, DoxAI applies AI and machine learning to streamline document processing, automate data extraction, and enhance identity verification, delivering real-time, actionable insights for businesses. By reducing the need for human intervention and integrating seamlessly with existing business systems, DoxAI enables organisations to optimise their operations, reduce costs, and focus on strategic initiatives that drive growth.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, expressed his welcome to DoxAI in the NextGen FDI initiative, highlighting the role of AI-driven automation in supporting the UAE's digital transformation journey and strengthening the advanced technology ecosystem. He emphasized that this collaboration aligns with the UAE's vision to foster a knowledge-based economy and reaffirms the commitment to positioning the UAE as a global hub for innovation and entrepreneurship.
The company's regional headquarters will initially be based in Dubai's iconic Rolex Tower, with plans to deploy its first 15 units from Australia and India. DoxAI also aims to expand its presence in the UAE by forming strategic partnerships with local universities, such as the University of Wollongong, and developing a talent recruitment plan for the 2025-2026 period.
Giuseppe Porcelli, Founder and Chairman of DoxAI, stated that the UAE is a dynamic market offering unparalleled infrastructure, a business-friendly environment, and access to a vibrant technology ecosystem. Joining the NextGen FDI programme is considered a significant opportunity for DoxAI. He noted that the UAE's approach to AI and innovation provides the perfect environment for scaling technology, forging new partnerships, and contributing to the region's digital transformation.
The UAE's focus on artificial intelligence aligns with its broader ambitions to enhance digital infrastructure, create smart industries, and attract cutting-edge technology companies. By fostering public-private partnerships and supporting businesses like DoxAI, the UAE is strengthening its leadership in emerging technologies that drive economic growth and diversification. Launched in 2022, the NextGen FDI initiative is designed to attract high-growth and high-potential advanced technology companies to the UAE.
