The only thing the Gulf states have going for them is oil money and a good hub location on the Europe–Southeast Asia airline routes. Dubai, Abu Dhabi, Riyadh, Bahrain, Qatar, they all remind me of that quote from King of the Hill—they are monuments to man's arrogance. Desert cities hitting 50+ °C air temperature at midday which means air conditioning everywhere; vapid luxury in the form of expensive garish cars, shop…
Also, AFAIK they are very aware that oil money isn't going to keep pouring forever and they indeed are trying to diversify. Their elites all study in UK, France, Switzerland and the USA and the questionable stuff they do is actually about the local culture they are trying to transform.
Their prince who is celebrated for pushing social and cultural reforms is the same guy who ordered the killing of a journalist in their Istanbul embassy. So, it is what it is.
BTW, IMHO they should look into what Jewish did in Israel with the Kibbutz. I'm a great fan of the idea and the Jewish culture that made it possible and it appears to work. Maybe instead of building giant skyscrapers and shopping malls, take a note from the Israeli or even work with them instead of pouring tour money into "Las Vegas". Skip the illegal settlements and genocide of the locals of course, but the Israeli have already proven methods of building high quality high prosperity communities on barely habitable lands. So, the Arabs should take a note. Maybe they don't have other option than trying to transform the environment using their fortune but they have options on how to do it exactly.