Developing and advising on energy, digital and real-estate infrastructure across the Caspian, Central Asia and the Gulf.
UGAP W.L.L. is a Bahrain-based developer and advisory group. We originate and develop our own projects as principal developer, and we advise governments, sovereign developers and institutional investors from concept and financing through delivery.
A Bahrain-based partner for complex, large-scale projects.
UGAP W.L.L. develops its own projects and advises governments, sovereign developers, institutional investors and private owners on energy, digital and real-estate infrastructure across the Caspian, Central Asia and the Gulf.
Our team has led landmark mixed-use, resort and urban-regeneration programmes and the nationwide real estate and infrastructure rollout of a major financial institution. Today we apply the same discipline to renewable energy, digital infrastructure and the urban districts they power.
What we do
Our Expertise
Six disciplines that cover the full lifecycle of a project — from the first site study to opening day.
Energy
Renewable Energy Project Development
Solar, wind and hybrid power, grid connection, PPA and offtake structuring.
Energy · Digital
Data Centres & Digital Infrastructure
Powered AI and data-centre campuses with firm, low-carbon energy supply.
Infrastructure
Infrastructure & PPP Advisory
Transport, utilities and venues; concession and public-private partnership structuring.
Strategic planning, acquisition, permitting, zoning and design competitions.
Hospitality
Hotels, Resorts & Branded Residences
End-to-end hotel development and partnerships with international brands.
35+years of experience
€1.5bnproject financing arranged
15+countries
12international hospitality brand agreements
Principal Development
Principal Development
Alongside our advisory work, UGAP develops projects as principal developer: we secure the site and government alignment, shape the technical and commercial concept, assemble the consortium and lead the project to financial close.
Azerbaijan · Absheron Peninsula
Wind-powered AI data-centre campus
A phased AI and high-performance computing campus on the Absheron Peninsula with dedicated wind generation: a large onshore wind farm and a nearshore offshore pilot on the Caspian coast. The project is aligned with Azerbaijan’s national targets for renewable power and offshore wind.
Status: pre-feasibility completed; investor and supply-chain engagement under way.
USA · Fort Lauderdale, Florida
Progresso Village residential development
A founder-led residential development in Progresso Village, one of Fort Lauderdale’s fastest-transforming neighbourhoods between Flagler Village and the Historic Sistrunk corridor, minutes from downtown.
Landmark programmes led or advised by our founder across Russia, Azerbaijan and Uzbekistan.
Russia · Moscow
VTB Arena Park
Redevelopment of the historic Petrovsky Park and Dynamo Stadium into a 32-hectare mixed-use district of about 800,000 sqm, including a 27,000-seat stadium, a 12,000-seat arena and a Hyatt Regency hotel. Around €1.5 billion of financing arranged.
Award: MIPIM Best Futura Project, Cannes (2012). Role: General Director.
A large-scale resort city on the Caspian Sea, about 20 minutes from central Baku, combining residences, international hotels, beaches, a marina and year-round leisure infrastructure.
Role:
Negotiated twelve international hospitality brand agreements for the destination, including Nobu and Cipriani
Coordinated and ran several international architectural tenders, including the Sea Breeze master plan
Developed and helped organise the positioning of Sea Breeze as a casino and gaming destination
Concept development and project leadership for the Sea Breeze IT Cluster
Concept development for Sea Breeze Arena, the Fire Island project and the Formula 1 project
An all-season resort destination on 577 hectares along the Charvak Reservoir, around 80 km from Tashkent, with a master plan by Scott Brownrigg and implementation planned for 2025–2035.
Andrei Peregoudov has spent more than 35 years developing, financing and transacting real estate and infrastructure across North America, Europe, the Caucasus, Central Asia and the Middle East.
Full biography
As General Director of a 32-hectare urban regeneration programme in Moscow, he set up the development company, arranged about €1.5 billion of financing and delivered 800,000 sqm, including a 27,000-seat stadium, a 12,000-seat arena and a Hyatt Regency hotel; the project received the Best Futura Project award at MIPIM Cannes. On the Caspian coast he negotiated twelve international hospitality brand agreements for a single resort destination, including Nobu and Cipriani. He has served as Deputy Chairman of the Management Board of Tashkent Invest, the City of Tashkent’s investment and development company, and began his career in investment sales with CB Commercial (now CBRE) and Royal LePage Commercial in Toronto. He also founded Greens AP, a Cyprus-based hospitality and real-estate advisory firm.
He studied at Harvard Graduate School of Design (Advanced Management Development Program), Columbia Business School, INSEAD and Moscow State University, and works in English and Russian, with working French and Spanish.
Selected track record
Urban regeneration, Moscow: 32 ha, 800,000 sqm, ≈€1.5 bn financing; MIPIM Best Futura Project (2012) See project
Caspian resort destination, Azerbaijan: 12 international hospitality brand agreements, including Nobu and Cipriani See project
Lake Charvak destination, Uzbekistan: 577 ha, Government-approved programme; master plan by Scott Brownrigg See project
City of Tashkent: development and renovation programme as Deputy Chairman, Tashkent Invest Tashkent Invest ↗
Corporate real estate: 450+ branch nationwide rollout and international offices for a major financial institution
Investment sales, Canada and USA: transactions exceeding $750 million
Progresso Village, Fort Lauderdale, Florida: founder-led residential development See project
Geography
Headquartered in Bahrain. Active across regions.
GCC
Bahrain, United Arab Emirates, Saudi Arabia
Caucasus
Azerbaijan and the Caspian region
Central Asia
Uzbekistan, Kazakhstan, Kyrgyzstan
Mediterranean
Cyprus, Spain, Monaco
Africa
Selected markets
Partners
Global brands, architects, banks and funds
Let’s connect.
Tell us about your project — we work with landowners, investors, operators and public bodies.
