• Kyodo

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The Miyazaki Prefectural Government and U.S. investment fund Ripplewood Holdings LLC will sign a memorandum in mid-October on cooperating in attracting domestic and foreign tourists to the Seagaia resort complex, a senior local government official said Thursday.

The memorandum also states that the two parties will pledge to jointly develop the local tourism industry and that Ripplewood will give prior notice to the local government of significant changes to Seagaia management, Hiroaki Nakano, head of the prefectural government’s commerce and labor division, told the prefectural assembly.

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