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What We Actually Do

At LUGAL, Project Finance & Development is not advisory theory.
We work hands-on to turn projects into finance-ready, executable investments.

We focus on one core objective:
making projects investable, fundable, and deliverable inside Iraq.


Our Work Process

1. Project Evaluation & Structuring
We assess the project fundamentals:

  • Asset quality and ownership structure
  • Revenue model and cash-flow logic
  • Legal, regulatory, and land readiness
  • Real execution risks on the ground

If a project cannot be financed or executed, we say it clearly.


2. Financial Modeling & Feasibility
We build realistic financial models based on Iraqi market conditions:

  • CAPEX & OPEX breakdown
  • Return scenarios (base / downside / upside)
  • Debt vs. equity structure
  • Sensitivity and risk analysis

These models are designed for investors, banks, and partners, not presentations.


3. Capital Structuring & Investor Alignment
We structure financing that actually works:

  • Equity participation
  • Project finance structures
  • Strategic co-investment models
  • Local and regional investor participation

We align capital with governance, control, and exit logic from day one.


4. Development & Execution Oversight
Our involvement continues beyond funding:

  • Development roadmap
  • Procurement and contractor strategy
  • Governance and reporting frameworks
  • Performance monitoring

We stay involved to protect capital and delivery timelines.


Types of Projects We Handle

  • Large-scale real estate and mixed-use developments
  • Infrastructure and logistics projects
  • Industrial and manufacturing facilities
  • Energy and utility-related investments
  • Strategic economic and commercial assets

Why This Matters

Most projects fail not because of lack of money, but because:

  • Weak structure
  • Unrealistic assumptions
  • Poor governance
  • No execution discipline

LUGAL fixes these problems before capital is committed.

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