Simplex to build $13M CNC machine factory in Riyadh, Saudi Arabia

Egyptian startup Simplex secured $13 million in funding from Saudi Arabia's National Industrial Development Center to build a CNC machine factory on a 20,000-square-meter site in Riyadh. The factory is planned to start operating in the first quarter of 2026.

“The new fundraising will be used to establish a factory on a 20,000-square-meter site in Riyadh to produce advanced CNC machines, the company said.”forbesmiddleeast.com

• 2 sources
• forbesmiddleeast.comEgypt's Simplex Bags $13M Funding For CNC Factory In Saudi ArabiaAmr Abdelhamid, Samra Ahmed, Sara JunaidJan 30, 2025
• zawya.comEgyptian startup Simplex raises $13mln investment to build CNC factory in Saudi ArabiaMubasherFeb 3, 2025

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