In August 2022, YAS and the Arab Contractors signed an agreement with the National Authority for Construction to design, build, and manage a new housing development in Egypt, "Bayt Elwatan".

The contract includes EPC works for the entire housing complex and, upon completion, Operation and Maintenance (O&M) for 30 years. The project will cover 54 acres in East Cairo, offering modern, sustainable living with 22 residential buildings and recreational facilities. The development will also include a commercial center and an administrative building.

YAS will design and build all infrastructure and civil works, including residential buildings, landscaping, and public amenities.

In addition, the construction of this project is executed on an EPC + Finance basis, whereby Smart Info structured and arranged financing on behalf of the client for a large portion of the foreign funding required. The ECA-backed funding is provided by a syndicate of international banks led by JP Morgan and supported by UKEF.

This project is set to be one of the most modern housing developments in Egypt, providing a fast, sustainable, comfortable, and safe living environment for families, accommodating over 45,000 residents.