I was also not sure about this all but after having some search and looking things around about this all now I was also having this update as Saudi Arab is having bitcoin as legal tender and peoples can buy and sell this without any problem so look like things are taking good change about this, and we can expect some good movement for the bitcoin as well if things like these are going to happen as announces.
UAE was doing good work about crypto related technology and now after their some success we are having more Gulf region countries which are preparing to have their share in this market as well which will create good competition and better results for the investors as well.
https://coinedition.com/saudi-arabia-qatar-rumored-1m-btc-buy-could-come-next-week-analyst/https://cointelegraph.com/tags/saudi-arabiaNo doubt Saudi and Qatar will buy that amount of Bitcoin using their sovereign weight funds as stated on that article. I think this is because of the previous approval of Bitcoin ETF by SEC. They might have the trust on it right now because of that approval. Though just rumors but still worth the wait for any confirmation in the coming weeks by these governments.