China and Somalia on Wednesday signed a bilateral agreement which also saw Beijing donate money for socio-economic development in the Horn of Africa nation.
Chinese Ambassador to Somalia Wei Hongtian and Somali Foreign Affairs Minister Abdisalam Hadliye Omar said during the signing ceremony that the agreement will go a long way in deepening relations between the two countries.
"We are ready to take part in the reconstruction process of Somalia and ensure socio-economic prosperity of its people. The improving security situation gives us a chance for a restart to focus on education empowerment, infrastructure and health projects among others," Wei said in Mogadishu.
In marking 55 years of political and diplomatic relations between the two countries, Wei noted that China has played a key role in Somali history, notably the construction of Banadir hospital, the biggest public hospital in the country, and that of Mogadishu stadium.
The Chinese envoy added that his government will increase its assistance to Somalia to ensure the country's development and livelihoods improvement.
The Somali foreign minister thanked China and promised the fund will be used prudently for the benefit of the whole country.
"We thank you and your country for your generous support towards the reconstruction of this country. We will ensure that all the money is used for the benefit of the people of Somalia," he said.