Simplex to build $13M CNC machine factory in Riyadh

Egyptian deeptech company Simplex CNC has announced plans to build a $13 million factory in Riyadh, Saudi Arabia, to manufacture CNC machines. The factory will be built on a 20,000 square metre site and is expected to begin operations in Q1 2026.

“This factory represents an important step in our expansion into regional and global markets.”launchbaseafrica.com

• 1 source
• launchbaseafrica.comBacked by New $13M, Egypt’s Simplex is Building a Major CNC Factory in RiyadhJan 30, 2025

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