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.




