The Ministry of Economy announced that DoxAI, a provider of artificial intelligence solutions designed to simplify business processes and reduce operational complexities, has joined the NextGen FDI program. This program is aimed at attracting fast-growing companies in the field of advanced technologies to the UAE and will support DoxAI in creating its regional headquarters in Dubai and scaling its operations to serve regional and global markets.
DoxAI applies methods of artificial intelligence and machine learning to optimize document processing, automation and data extraction, and enhance identity verification checks, providing operational information for businesses. By reducing the need for human intervention and integrating with existing business management systems, DoxAI allows organizations to optimize their operations, reduce costs, and focus on strategic initiatives that drive growth.
"The UAE strengthens its leadership in the field of cutting-edge technologies, enabling economic growth and diversification," said Dr. Giuseppe Porcelli, founder and chairman of DoxAI. He added that this partnership aligns with the country’s strategy for developing knowledge-based economies.
The company’s headquarters will be located in the iconic Rolex Tower in Dubai, with plans to expand the first 15 units from Australia and India. DoxAI also plans to expand its presence in the UAE, collaborating with strategic partners from local universities, such as the University of Wollongong, and developing a recruitment plan for personnel for 2025-2026.
