dynamic menu creating

Hi Guys.
 
I am trying to create a menu list with the sub items by reading a xml file. I can create ul and li tag in code behind by reading the xml file elements and loop through it and create a html string but, I want to is there any other best way to do this?
 
My XML file look like below:
<MenuControl>
  <Parent href="#" text="Parent1">
 
  </Parent>
  <Parent href="#" text="Parent2">
    <subMenu href="#" text="Sub Menu 1">
    </subMenu>
    <subMenu href="#" text="Sub Menu 2">
    </subMenu>
  </Parent>
  <Parent href="#" text="Parent3">
    <subMenu href="# ...