Institut Darul Ridzuan Berhad (IDR) was established in year 2005 under the Companies Act 1965 as a Company Limited by Guarantee and fully funded by the Perak State Government. IDR is the brainchild of the YAB Dato’ Seri Zambry Abdul Kadir, the present Menteri Besar of Perak, who is also the Chairman of the Company. The Board of Trustee of IDR comprise of the Perak State Secretary and the Perak State Financial Officer . The Board of Trustee has appointed Dato' Seri Dr. Abdul Rahman bin Hashim as new Chief Executive.

The establishment of IDR as the Think-tank to the Perak State Government is with the objective of realising the Perak Vision to become a developed state through the facilitation by experienced professionals from the industry. IDR immediate objective is to assist the state government in regaining its socioeconomic footing besides priming Perak to become develop state.

For this, IDR has been tasked with to focus on three (3) key areas that is:

   i. To improve state socioeconomic policies and development
   ii. Transformation of State Link Cooperation’s and agencies
   iii. Investor friendly environment together with people centric public delivery

In achieving the stated vision, IDR conducts various research in socioeconomic development in various field to come out with blueprints and strategies, and further advising and assisting the state government in implementation of the plans. Our methodologies involves organizing various forums for intellectual interactions, socioeconomic development forums, engaging stakeholders from public and private sectors and as supporting tools to the state government and its agencies. IDR also carried out various research programs such as Investment and Marketing Strategy of Perak, Cluster study for the betterment of the State of Perak Darul Ridzuan. Institut Darul Ridzuan currently acts as the Secretariat of the Perak State Economic Council (Majlis Ekonomi Perak) and Civil Society Council (Majlis Masyarakat Sivil).