MIDA appoints former MITI minister Tengku Zafrul Abdul Aziz as chairman to drive investment strategy and build on record-breaking RM378.5 billion approvals.
KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) has welcomed the appointment of Tengku Datuk Seri Zafrul Abdul Aziz as its new chairman.
The agency described the move as strategic for strengthening Malaysia’s investment promotion during heightened global economic competition.
MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the appointment ensures continuity in strategic direction.
He expressed confidence that Tengku Zafrul’s leadership would enhance Malaysia’s standing as a premier investment hub.
During his tenure as Minister of Investment, Trade and Industry, the country secured RM329.5 billion in approved investments in 2023.
This was followed by a record RM378.5 billion in 2024, the highest in the nation’s history.
The momentum continued into 2025, with Malaysia attracting RM285.2 billion in approved investments in the first nine months alone.
This marked a 13.2% year-on-year increase despite global economic headwinds.
Tengku Zafrul spearheaded the New Industrial Master Plan 2030 and championed key national strategies.
These included the National Semiconductor Strategy and the Green Investment Strategy.
He also positioned Malaysia strategically within ASEAN economic integration frameworks.
MIDA, established in 1967, remains Malaysia’s principal investment promotion agency.
It facilitates investments across manufacturing and services sectors.
The authority stated it will continue its mandate to position Malaysia as a competitive and sustainable investment destination under the new chairman.
