There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments
Rumor is rumor and you should not trust rumor and action because of rumor.
Focus on history like historic cycles, halving effects, length of bull and bear markets then make your investment plan to enter and exit the market.
HODL your bitcoins is key to get profit and avoid panic, fear and lose your bitcoin by selling because of news, rumor.
Bitcoin is legal there, it's just that the government does not guarantee any security for adopters in their country, because bitcoin is considered high risk. This rumor is related to the government of Qatar - Saudi Arabia, this is a good sign because if the rumor is true, we will see a better status for bitcoin there of course.
There are legality maps over nations and you can get them in
Some world maps for Bitcoiners.
Middle East nations are very friendly with Bitcoin and cryptocurrencies.