Egypt’s Simplex Raises $13M for Computer Numerical Control Factory
TLDR
- Egyptian CNC machine manufacturer Simplex has secured $13 million to establish a 20,000-square-meter factory in Riyadh
- Simplex, a Flat6Labs graduate, supplies Computer Numerical Control (CNC) machines to 50 industries across 21 countries
- The Saudi factory, expected to begin operations in Q1 2026, will enhance production capacity to meet rising global demand
Egyptian CNC machine manufacturer Simplex has secured $13 million to establish a 20,000-square-meter factory in Riyadh, expanding its footprint in the regional and global markets. The funding follows a Memorandum of Understanding (MoU) with Saudi Arabia’s National Industrial Development Centre, aligning with the Kingdom’s Vision 2030 strategy to localize advanced technology.
Simplex, a Flat6Labs graduate, supplies Computer Numerical Control (CNC) machines to 50 industries across 21 countries. The Saudi factory, expected to begin operations in Q1 2026, will enhance production capacity to meet rising global demand.
“We see Saudi Arabia as a strategic hub for exporting CNC machines globally,” said Mohamed Mansour, co-founder and chief commercial officer. The expansion strengthens Simplex’s regional leadership in industrial automation.
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Points clés à retenir
Simplex’s Saudi expansion highlights the Kingdom’s ambition to localize technology and boost exports. The CNC sector plays a vital role in precision manufacturing, essential for industries like aerospace, automotive, and construction. Saudi Arabia is investing heavily in industrial infrastructure, leveraging Vision 2030 to reduce dependence on oil. Simplex’s presence in Riyadh will contribute to the Kingdom’s efforts to become a regional manufacturing hub. For Simplex, the factory strengthens its competitive edge in the CNC market, helping it scale production and expand internationally. The move also underscores the growing role of Middle Eastern economies in global industrial technology development.
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