Balgabekov YeldosShamyrkanov Bakyt2025-10-222025-10-222007Balgabekov Yeldos, Shamyrkanov Bakyt / Samruk & Kazyna State Holdings / Articles and proceedings of the scientific conference among university students " Development and future of the science in Kazakhstan in the opinion of youth" , ISBN: 9965-792-25-9 , Suleyman Demirel University / 163 -165 pages.9965-792-25-9https://repository.sdu.edu.kz/handle/123456789/2106This paper explores the establishment, functions, and economic significance of the “Samruk” State Holding and the “Kazyna” Sustainable Development Fund in Kazakhstan. Formed in 2006, these two institutions were key components of the government’s strategy to modernize and diversify the national economy, enhance corporate governance, and strengthen transparency. “Samruk” manages state assets in strategic sectors, increasing efficiency and profitability of enterprises such as KEGOC, while “Kazyna” coordinates national development institutions to stimulate investment, innovation, and industrial growth. During the 2008 global financial crisis, “Kazyna” played a stabilizing role by financing small and medium enterprises, construction, and industrial diversification projects. The research emphasizes that these holdings have become crucial instruments for sustainable economic growth, technological development, and attraction of foreign investment, aligning Kazakhstan’s development model with international best practices.enAttribution-NonCommercial-ShareAlike 4.0 Internationalstate holdinginnovationsustainable developmentgovernment policyfinancial stabilizationArticle