DoxAI joins UAE’s NextGen FDI to expand into Middle East

AI-driven automation firm to establish regional HQ in Dubai

#UAE #AIInvestment – DoxAI, a Sydney-based artificial intelligence solutions provider focused on business process automation, has joined the UAE’s NextGen FDI initiative. Led by the Ministry of Economy, NextGen FDI aims to attract high-growth technology firms to the country. As part of the initiative, DoxAI will establish a regional headquarters in Dubai to help it expand operations in the Middle East and further afield. The company aims to form partnerships with UAE universities and launching a 2025-2026 talent recruitment campaign.

SO WHAT? – Launched in 2022 by the UAE Ministry of Economy, the NextGen FDI programme is designed to attract high-growth and high-potential digitally enabled businesses to set-up in the country. The programme fast-tracks how global businesses set themselves up in the UAE, speeding up incorporation processes, licensing; facilitating the issuance of visas; accelerating banking services; and providing commercial and residential lease incentives. DoxAI is the latest global tech company to get licenced in the UAE under NextGen FDI.

Here are some key points about DoxAI and the NextGen FDI programme:

• Sydney-based AI business automation company DoxAI has joined the UAE Ministry of Economy’s NextGen FDI, which helps foreign technology companies establish themselves in the UAE. DoxAI’s regional headquarters will be based in Dubai’s Rolex Tower.

• DoxAI specialises in business process automation, data security, and compliance through AI and machine learning.

• The company will focus on strategic partnerships with local institutions, including the University of Wollongong, to strengthen its presence in the UAE.

• The firm’s AI solutions automate document processing, extract data efficiently, and enhance identity verification, reducing operational costs for businesses.

• DoxAI serves businesses of all sizes, especially those in finance, accounting, and legal sectors, and is available in markets worldwide.

• The UAE’s business-friendly policies, digital infrastructure, and innovation-driven economy make it an attractive destination for AI and tech firms.

ZOOM OUT – DoxAI is part of global venture studio Lakeba’s incubation programme. Lakeba helps transform digital technologies into successful businesses, investing its time, capital and resources to accelerate their ability to scale internationally. Since its launch more than a decade ago, Lakeba’s portfolio of businesses have scaled across the globe.