Jordan Projects for Tourism Development Auditor Raises 'Going Concern' Doubt

Jordan Projects for Tourism Development Co PSC is a Jordan-based public shareholding company that operates in the real estate development sector. The Company specializes in the construction, purchase, sale, rent, lease, investment in, and operation of hotels, holiday resorts and recreational centers, such as tourist villages, villas, summer cottages, cinemas, swimming pools, and sports centers. The Company carries out its commercial operations in Aqaba Special Economic Zone. The Company's wholly owned subsidiaries are Khaleej Al Aqaba for Construction Company and Khaleej Al Aqaba for Maintenance and Services. As of December 31, 2011, the Company's major shareholders included Abojaber Brothers Company, Red Sea Hotels and Orascom Development Holding International Limited, among others.