Simplex raises new funding round to up CNC annual production capacity to 3.5k units

Local CNC machine manufacturer Simplex is raising a new funding round to bankroll its expansion in Tenth of Ramadan City LinkedIn

REFRESHER- eight-figure transaction Qatar

Taking business abroad

Looking overseas: stake sale fell through in 2024

The CNC manufacturer also inked new partnership and agency agreements in Jordan, Kuwait, and Syria

Export volume is still a small slice of the business, for now.

ICYMI- its first Saudi factory plant in Riyadh

Simplex’s machinery feeds into the supply chains of the country’s biggest industrial companies

A local manufacturing monopoly: