Japanese Prefecture Wakayama is all set to declare Clairvest Neem Ventures, a subsidiary of the Canadian investment company Clairvest as its integrated resorts (IR) partner. The local government is aiming to develop the first ever IR facility in the country.
The path ahead of Clairvest Neem became clear as its only bidding competitor, Suncity Group, withdrew from the race.
Wakayama Governor Yoshinobu Nisaka said in a press conference recently:
“It is not ideal that there is only one company and we just choose them or don’t. Not making a selection means giving up on the idea of IR for a few years. I have been promoting it for a long time. There are few investment projects of this size for employment and income. I think we should definitely take this chance for the future of Wakayama.”