Although Azerbaijan can acquire any technology through its substantial financial resources, human capacity and accumulated experience play a key role in the country's sustainable development, President Ilham Aliyev said this during his speech at an event held as part of the II Azerbaijan International Investment Forum.

Axar.az reports that the head of state noted that the literacy level in Azerbaijan being close to 100% and a lot being done with respect to education play an important role in capacity building.

Emphasizing the successful management experience gained in the oil and gas sector, President Ilham Aliyev pointed out that President Ilham Aliyev pointed out that although the non-oil sector currently accounts for more than 70 percent of GDP, cooperation with international partners is also being continued to reduce the dominance of oil and gas in exports.