Sheik Mohammed's Billion-Dollar Question

Just in case there's any doubt about the decadent things you can do when you're filthy-rich:

http://www.slate.com/id/2190272/

The weird thing is, Dubai actually only makes about 5% of its money from oil. Most of the ducats the sheikh spends on equines come from shipping, tourism and finance. It just goes to show that if the rest of the mega-ultra-rich oil sheikhs that rule the Persian Gulf would pull their heads out of the sand and build cities that people actually want to visit, they might stand a chance of not fading into oblivion when the oil dries up.
The cities that is. The folks over there are so rich by now that even after the oil they'll still be important, what with them owning much of the world. I imagine that if their cities are still uninspiring shit holes when the gold rush ends, they'll just pick up and move, probably with most of their country in tow.
But if they manage to follow Sheik Mohammed bin Rashid Al Maktoum's example and diversify their economies, then maybe Kuwait City and Riyadh and the rest of the Persian Gulf Coast will end up more than just a home for sand fleas. More to come on that for sure.