Mubadala names real estate chief Nordell as new infra head

June 2, 2026 - 01:36

Mubadala Investment Company has appointed its real estate head, Nordell, as the new head of its infrastructure division. The move, effective from the start of May, sees Nordell take over from Saed Arar, a veteran who spent two decades at the Abu Dhabi sovereign wealth fund.

Nordell brings a track record in managing large-scale property and development assets, which aligns with Mubadala's strategy to expand its global infrastructure portfolio. The fund has been actively investing in sectors like energy, transport, and digital infrastructure, seeking stable long-term returns. Arar's departure marks the end of a lengthy tenure during which he helped shape the fund's infrastructure strategy across multiple markets.

Mubadala, which manages assets for the Abu Dhabi government, has been repositioning its investments in recent years. It has increased its focus on sectors tied to the energy transition and technology-driven infrastructure. The appointment signals continuity in that direction, with Nordell expected to drive further growth in areas like renewable energy and digital connectivity. No further details were provided on Arar's next steps or on any immediate changes to the infrastructure team's structure.