The contract covers the procurement and construction of the Royal Commission medical centre expansion at the Al-Nakheel 3 area of Yanbu.
It also includes the provision of all supervision, labour, material and equipment.
The project should take two years.
The commission will hold a pre-bid meeting on 16 February 2009 and the bid deadline is 24 March 2009.
Yanbu is on the Red Sea coast in the Medina province of Saudi Arabia, approximately 350 kilometres north of Jeddah.