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

The sides hailed the successful cooperation between Azerbaijan and the World Economic Forum, adding that both sides attach great importance to this cooperation.

Klaus Schwab praised Azerbaijan for joining the new initiatives of the World Economic Forum, including new projects regarding the Fourth Industrial Revolution.

The successful activity of the Center for the Fourth Industrial Revolution, initiated by President Ilham Aliyev in Azerbaijan, was welcomed. They underlined that this contributed to the further expansion of various aspects of cooperation with the Davos Economic Forum.

Klaus Schwab lauded Azerbaijan's contribution to ensuring Europe's energy security.

During the conversation, they exchanged views on other issues of mutual interest.