Phase one, covering the conceptual design, has recently been completed and work is currently underway on the preliminary design.
The local Omrania & Associates is designing the project in a joint venture with US architect HOK (MEED 6:10:08).

Tenders for the first construction package, which covers excavation and ground preparation works, are expected in the coming weeks. A tender for the second phase, covering foundations and piling, will follow soon after.

Located in the King Abdullah financial district, the CMA tower will be 380 metres high and is set to be tallest building in the capital.

The financial district is being developed by the Public Pensions Agency.