National Industrial Development Center

Activity by year

20252026

New facility

Jan 30, 2025NEW FACILITYRiyadh, Saudi Arabia$13.0Mops Q1 2026
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.
Simplex National Industrial Development Center investor #Industrial Machinery forbesmiddleeast.com zawya.com

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