If the middle east is so engorged with oil why don't they prepare for the wind/solar/hydrogen future?

Why don’t the countries of the middle east take the profits that they are making on oil and reinvest that into a wind/Solar/Hyrdogen economy. They have the perfect land for solar panels and windmills, deserts. And they have access to ocean water (salt water) to product hydrogen. They could now take advantage of these and "corner the market" on wind/solar/hydrogen economy before the rest of the world catches on. Additionally they could use the solar energy to pump the remaining oil from the ground and make even more money from it. They could also use this technology to desalinize the water and make an easier life for themselves.

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