Yes, Dubai diversified away from oil. I'm not sure if Saudi Arabia can reproduce the success. The entirety of Arabian peninsula is pretty much immune to cultur

Yes, Dubai diversified away from oil. I'm not sure if Saudi Arabia can reproduce the success. The entirety of Arabian peninsula is pretty much immune to cultural development, but Dubai got a pass because they were the first ones in that area to try building a normal healthy economy, meanwhile whatever Saudis do, they have to compete with Dubai which is already highly developed. My point being, why would people invest in Saudi Arabia if they can invest in Dubai.