Hailing it as a "historic agreement, " Erdogan hoped the deal would be "the first step towards a new beginning based on peace and cooperation between Somalia and Ethiopia."
In January of this year, Somaliland, a breakaway region of Somalia, struck a controversial agreement with Ethiopia giving Addis Ababa access to the Red Sea.
The agreement inflamed tensions between Mogadishu and Addis as well as regional tensions in the Horn of Africa.
Earlier Wednesday, the Turkish president met separately with Somalian President Hassan Sheikh Mohamud and Ethiopian PM Abiy Ahmed in Ankara before announcing the deal.
The Somalia Daily reported that Somalia and Ethiopia would begin technical talks for sustainable sea access to Addis Ababa via Somalia's coastline.
Talks will start by February 2025, facilitated by Turkey, and a formal deal is expected in four months.
Commercial arrangements include leases and contracts.
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