President of the Republic of Azerbaijan Ilham Aliyev has met with Executive Chairman of the World Economic Forum Klaus Schwab in Davos.

President Ilham Aliyev thanked Klaus Schwab for inviting him to the World Economic Forum again. The head of state emphasized fruitful cooperation between Azerbaijan and the World Economic Forum. President Ilham Aliyev said this cooperation was fully compatible with the Davos Forum`s objectives to improve situation in world countries. The head of state said significant measures were being taken in Azerbaijan to ensure security and stability.

President Ilham Aliyev stressed the importance of geographical location of Azerbaijan, saying this factor paved the way for successful realization of transnational projects, including North-South, East-West transport and other projects. President Ilham Aliyev highlighted the development processes taking place in the country across the last years. The head of state said Azerbaijan entered a new development stage, adding that impressive measures had been taken to diversify the country`s economy and exports.

The head of state said meetings held within the framework of the Davos Forum paved the way for realization of a number of important projects. President Ilham Aliyev said Azerbaijan had hosted high-profile international events over the last years, including the first European Games in Baku. President Ilham Aliyev described the visit of Pope Francis to Azerbaijan as recognition of high tolerance in the country.

Executive Chairman of the World Economic Forum Klaus Schwab highlighted fruitful cooperation between Azerbaijan and the World Economic Forum, adding that President Ilham Aliyev`s participation in this Forum contributed to bilateral cooperation. Klaus Schwab said he saw strong development during his visit to Azerbaijan, and spoke of the beauty of Baku. He said security and stability played a significant role in Azerbaijan`s development. Klaus Schwab said great works had been done in Azerbaijan over the last years, adding that Baku hosted significant international events. The Executive Chairman of the World Economic Forum highly appreciated tolerance in Azerbaijan.

They also exchanged views over other issues of mutual interest.