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Hopefully they will be able to transition to a more sustainable economy based on development of manufacturing and export of higher quality goods. As others have noted, they have some of the best solar resource in the world, but that’s not as easily exported. More like farming than oil production. To take advantage of it, they’ll need local industry.

https://www.alternativeenergyhq.com/wp-content/uploads/2015/...

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This is unlikely as they have the advantage of neither cheap labor, nor a highly intelligent workforce: https://www.worlddata.info/iq-by-country.php

They are limited by an ideology/culture which discourages women from participating in the workforce or receiving an education, and also encourages cousin marriage (60-70% of marriages in Saudi Arabia) which lowers IQ and leads to birth defects https://english.alarabiya.net/en/life-style/art-and-culture/...

I think its more likely that Arab leaders will siphon off as much wealth as possible then flee to London and other tax havens. The survivors will be left to fight over the scraps and places like Saudi Arabia will come to resemble Yemen (which is a country which simply exhausted its oil reserves faster than the rest).

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