We review the current status of the Square Kilometre Array (SKA) by outlining the science drivers for its Phase-1 (SKA1) and setting out the timeline for the key decisions and milestones on the way to the planned start of its construction in 2016. We explain how Phase-2 SKA (SKA2) will transform the research scope of the SKA infrastructure, placing it amongst the great astronomical observatories and survey instruments of the future, and opening up new areas of discovery, many beyond the confines of conventional astronomy.