MOLINE, Illinois - In a significant move to bolster Kazakhstan’s agricultural and industrial sectors, Deere & Company, Eurasia Group, and Baiterek Holding have signed a Memorandum of Understanding (MoU) focused on advancing technology, knowledge sharing, and sustainable development within the country. This strategic partnership underscores a commitment to driving innovation, enhancing local production capabilities, and supporting the nation's long-term economic growth.
Under the terms of the MoU, the collaboration will emphasize the adoption of new technologies, digital transformation, and industrial development, with an aim to increase efficiency across the agricultural and industrial sectors.
“By leveraging advanced technologies and supporting knowledge exchange, we are building a foundation for sustainable growth that will benefit both the economy and local communities” said Csaba Lejko, President Agriculture and Turf, CIS and Central Asia.
“We welcome the interest of global industry leaders in direct investment in Kazakhstan, as it will contribute to achieving our sustainable economic growth by realizing vast agriculture potential of our country and the region” said Zhandos Shaikhy, Deputy Chairman of Management Board.
This agreement is expected to create new job opportunities, boost economic independence, and foster sustainable growth within Kazakhstan’s agricultural industry. It reflects a shared vision among Deere & Company, Eurasia Group, and Baiterek Holding to enhance the country’s competitiveness and position it as a leader in agricultural and industrial innovation in Central Asia.
About John Deere
Deere & Company (
www.JohnDeere.com) is a global leader in the delivery of agricultural, construction, and forestry equipment. We help our customers push the boundaries of what’s possible in ways that are more productive and sustainable to help life leap forward. Our technology-enabled products including John Deere Autonomous 8R Tractor, See & Spray™, and E-Power Backhoe are just some of the ways we help meet the world's increasing need for food, shelter, and infrastructure. Deere & Company also provides financial services through John Deere Financial.
About Baiterek Holding
Baiterek National Managing Holding (
https://baiterek.gov.kz/en/) established by the Government of Kazakhstan, is the country's key finance development institution. It’s main prerogative is to promote the high-quality development of Kazakhstan’s economy by rendering support to the priority economic sectors. Holding’s structure consists of 7 subsidiaries’ with more than fifty percent of voting shares (participatory interests) directly owned by the Holding. The activities of its subsidiaries are aimed at developing the agro-industrial complex, support business and ensure the affordability of housing for the population.
About Eurasia Group
Eurasia Group (
https://agromanagement.kz/) is a national dealer of John Deere agricultural equipment in Kazakhstan for over 20 years. To support Kazakh farmers, Eurasia Group has established 14 facilities across the country, investing over 80 million USD and creating employment for more than 600 people. Eurasia Group has been supporting over 2,500 local farmers who plant on more than 3.5 million hectares and harvest over 6.5 million hectares using John Deere equipment.
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