The Cabinet agreed to mandate Ministers of Agriculture and Finance to sign the memorandum of understanding for the purchase of a new building for the Ministry of Agriculture based on the financial leasing system from the Cities and Villages Development Bank (CVDB).
In a Cabinet meeting on Sunday, the government allowed the Ministry of Agriculture to obtain financing through the CVDB to purchase a JD3.7 million building, at a fixed annual return of 4 percent.
The Ministry of Agriculture has been leasing a building since 1988 for an annual fee of about JD423,000, and the financial leasing decision will enable the Ministry to own the building after completing the payment of the property value.
The new building, which is located on the Jordan Street road, will allow visitors to have easy access to the Ministry's headquarters, in terms of the availability of parking spaces.
For his part, Minister of Agriculture, Khaled Hnaifat, said the government expressed great interest in the new ministry building and the ministry exerted great efforts to complete the procedures as quickly as possible.
Hnaifat added that all the ministry's needs will be taken into account within this building in order to provide services in one place, noting that the building will be owned by the Ministry after a few years.
Source: Jordan News Agency