{"id":94,"date":"2025-02-03T17:22:59","date_gmt":"2025-02-03T16:22:59","guid":{"rendered":"https:\/\/techstream.getdev.co\/?p=94"},"modified":"2025-02-03T17:22:59","modified_gmt":"2025-02-03T16:22:59","slug":"egyptian-startup-simplex-closes-13m-to-establish-cnc-factory-in-the-middle-east","status":"publish","type":"post","link":"https:\/\/techstream.africa\/?p=94","title":{"rendered":"Egyptian Startup Simplex Closes $13M to Establish CNC Factory in the Middle East"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"166\" src=\"https:\/\/techstream.getdev.co\/wp-content\/uploads\/2025\/02\/img_4103-1-300x166.png\" class=\"wp-image-93\" srcset=\"https:\/\/techstream.africa\/wp-content\/uploads\/2025\/02\/img_4103-1-300x166.png 300w, https:\/\/techstream.africa\/wp-content\/uploads\/2025\/02\/img_4103-1.png 729w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/figure>\n\n\n\n<p class=\"p1\">Simplex, a leading CNC machine manufacturing company, has secured a $13 million investment to establish a large-scale factory in Riyadh, Saudi Arabia. This move aligns with Saudi Arabia\u2019s Vision 2030 initiative to localize advanced industries and diversify the economy.<\/p>\n\n\n\n<p class=\"p1\">Founded in 2013, Simplex has grown into a major player in the industrial solutions sector, serving clients across Egypt and the Middle East. The company recently signed a Memorandum of Understanding with Saudi Arabia\u2019s National Industrial Development Center to launch its first manufacturing plant in the Kingdom.<\/p>\n\n\n\n<p class=\"p1\">The 20,000-square-meter facility will expand Simplex\u2019s market presence, production capacity, and global competitiveness. According to Mohamed Mansour, Co-Founder and CCO, the expansion aims to develop cutting-edge products for multiple industries while positioning Saudi Arabia as a hub for industrial production and exports.<\/p>\n\n\n\n<p class=\"p1\">Chairman Eng. Ahmed Shaaban revealed that the plant is expected to begin operations in Q1 2026. The project will also create job opportunities and contribute to Saudi Arabia\u2019s non-oil exports.<\/p>\n\n\n\n<p class=\"p1\">With this investment, Simplex is set to strengthen its industrial capabilities, support local manufacturing, and enhance its global footprint.<\/p>\n\n\n\n<p class=\"p1\">Read the full news <a href=\"https:\/\/techbuild.africa\/egyptian-startup-simplex-13m-cnc-middle-east\/#\">here<\/a>.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Simplex, a leading CNC machine manufacturing company, has secured a $13 million investment to establish a large-scale factory in Riyadh, Saudi Arabia. This move aligns with Saudi Arabia\u2019s Vision 2030 initiative to localize advanced industries and diversify the economy. Founded in 2013, Simplex has grown into a major player in the industrial solutions sector, serving&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-94","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/94","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=94"}],"version-history":[{"count":1,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/94\/revisions"}],"predecessor-version":[{"id":95,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/94\/revisions\/95"}],"wp:attachment":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=94"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=94"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=94"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}