The $3 billion in aid that the United Arab Emirates pledged for Egypt in 2011 will "take time" to be transferred, the UAE's finance minister and Dubai deputy ruler said Friday. "We are going in the right way, but it will take time. I cannot tell you exactly when, but they (the funds) are on the way," Sheikh Hamdan Bin Rashid Al-Maktoum told Reuters. An Egyptian source familiar with the matter told Reuters in February that the money had not been transferred mainly due to political instability in post-revolution Egypt. The Emirates' aid package was announced by UAE Deputy Prime Minister Sheikh Mansour Bin Zayed Al-Nahayan during a meeting with Essam Sharaf, then Egyptian prime minister, in Abu Dhabi. Under the accord, half of this sum will be offered by the Khalifa Bin Zayed Fund, which will support small and medium-sized business projects in Egypt with the value of $1.5 billion, with the aim of creating job opportunities for Egyptian youth.. Sheikh Khalifa also ordered the allocation of $750 million for infrastructure and housing projects for youth and an additional $750 million in soft loans for various projects. http://english.ahram.org.eg/News/72261.aspx