Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) CEO Paul Elliott talked with Proactive's Stephen Gunnion about the company’s decision to make Saudi Arabia its first major Middle East entry point and the strategic advantages driving that move.
Elliott explained that Saudi Arabia stood out due to its combination of scale, regulatory clarity and execution speed, all of which align with the company’s strategic priorities. Elliott said the opportunity is underpinned by the Kingdom’s Vision 2030 agenda, which actively supports energy transition, digital infrastructure and innovation.
A central theme of the discussion was power costs. Elliott noted that power is often the largest expense in infrastructure and energy-related projects, particularly in the UK and Europe, where costs are high and volatile. By contrast, he said access to stable, ultra-low-cost power in Saudi Arabia “transforms the economics,” improving margins and shortening payback periods for investors.
The conversation also covered funding opportunities in the region. Elliott highlighted the importance of securing approval from the Ministry of Investment for Saudi Arabia (MISA), which Active Energy Group has achieved, alongside engagement with the Research, Development and Innovation Authority (RDIA). He explained that these relationships are critical to accessing regional and Sharia-compliant capital, which is actively seeking infrastructure, energy and innovation projects.
Looking ahead, Elliott outlined tangible milestones investors should watch over the next 6 to 12 months. These include establishing the company’s Saudi entity, progressing power and site discussions, deepening engagement with innovation bodies such as the RDIA, and early signs of regional partnerships and funding structures. According to Elliott, these steps will help de-risk the strategy and demonstrate real momentum on the ground.
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