The University was founded in 1963 as Almaty Institute of National Economy and received its current name in 2016.

In 1963, the Almaty Institute of National Economy was founded on May 9, 1963, by the decision of the Soviet Government.

[2][3][4] In 1991, it was renamed into the Almaty Institute of National Economy after the collapse of the Soviet Union.

In 2010, the university became part the European Higher Education Area and signed the Magna Charta Universitatum.

In 2011–2012, the university opened regional distance learning centers in Kyzylorda, Atyrau, Shymkent, and Pavlodar.