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Egypt’s Simplex raises $13m to build factory in Saudi Arabia
Simplex, a startup that manufactures CNC machines, has secured US$13 million to build a factory in Riyadh, Saudi Arabia.
The facility will cover 20,000 square meters and is expected to be operational in the first quarter of 2026.
This factory supports Saudi Arabia’s initiative to localize advanced industries and diversify its economy under Vision 2030.
Simplex aims to meet the growing demand for CNC machines and expand global exports, currently serving customers in 21 countries.
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