Tengku Datuk Seri Utama Zafrul Aziz currently serves as Chairman of the Malaysian Investment Development Authority (MIDA) and Senior Political Advisor to the Prime Minister of Malaysia. Prior to these appointments, he served as Malaysia’s Minister of Investment, Trade & Industry (MITI) from December 2022 to December 2025, and Minister of Finance (MOF) from March 2020 to October 2022, following more than 22 years of experience in banking and financial services.
As Minister of Investment, Trade & Industry, he played a pivotal role in strengthening Malaysia’s industrial competitiveness, expanding trade, and attracting high-quality investments. He spearheaded key national initiatives including the New Industrial Master Plan 2030 (NIMP 2030), the National Semiconductor Strategy, the Chemical Industry Roadmap, the ESG Industry Framework, the Green Investment Strategy, and the Circular Economy Policy Framework. During his tenure, Malaysia achieved a record RM426.7 billion in approved investments in 2025, while total trade surpassed RM3 trillion for the first time in the nation’s history. Malaysia also climbed 11 positions to rank 23rd in the World Competitiveness Ranking 2025.
