There's nothing like presenting the worlds newest and greatest phallic symbol, to restore ones ego.
I think that a far more acceptable presentation to the world, by any Arab nation, would be a presentation of their desire to show the world that they can do more with their unlimited wealth than spend it on vast amounts of real-estate development, high rise, and excesses such as indoor snowfields.
I think the 3rd world workers, who built all this stuff, and who are treated like $h!t by Arab nations, would appreciate the Arabs spending more of their unbelievable wealth on assisting those 3rd world nations into better govt, better health regimes, and generally compassionate aid.
I may be speaking out of turn - they may already do so - but it's not something we hear about.