Simplex
About
A manufacturing company that inaugurated a new factory presented by the government as a model for investment, jobs creation and export readiness.
Founders
Recent News
HSBC to sell retail portfolio to Emirates NBD
Emirates NBD has agreed to buy HSBC’s retail portfolio in Egypt as HSBC refocuses on corporate and institutional banking. Separately, Egyptian CNC manufacturer Simplex is raising a new funding round and expanding production with a third facility in Tenth of Ramadan.
Gov’t supports startups as key driver of economic growth
Egypt’s finance and investment ministers highlighted government support for startups and innovative manufacturers during the inauguration of Simplex’s new factory, linking industrial expansion to export-led growth and private investment.
Egypt's Simplex inaugurates $50mln CNC manufacturing plant
Egyptian tech startup Simplex inaugurated a new $50 million, 40,000 sqm CNC manufacturing plant in 10th of Ramadan City, creating significant direct and indirect employment and expanding exports to 34 countries. The company, founded as a graduation project, employs over 400 staff and has cumulative sales above $100 million.