Mubadal Infrastructure Partners sold its PPP platform to KDB.

Mubadal Infrastructure Partners sold its PPP platform which owns 3 universities in UAE to KDB Infrastructure Investments Asset Management, an asset management company. Financial terms were not disclosed. Youngho Chung, Chief Executive officer of KIAMCO said: “This investment follows our strategy to fund high quality core infrastructure assets in the region and globally and fits perfectly with the needs and strategy of our long-term investors.”