The scope covers the construction of 16 buildings and is expected to take 36 months to complete.
The Ministry of Higher Education is the client.
King Khaled University is located in Abha in the southwest of the kingdom. It was founded in 1999 by the merging of Imam Muhammed bin Saud University of Islamic Studies and King Saud University.
A number of university contracts are due to be awarded in the coming weeks. The award for a construction contract at King Abdulaziz University is expected by mid-July.
The contract is for one building at the university in Jeddah and has an estimated value of SR250m ($67m).
The award for a building contract at Taibah University, near Medina is also due by the end of July (MEED 06:07:08).