They're the oil-rich nation of companies. They can afford vanity projects and woeful mismanagement as long as that sweet sweet advertising money keeps coming in. The sectors of the company that keep that running are run well, but side projects like this seem to come and go with little rhyme or reason as far as I can tell. Much like how the militaries of some countries are well-run and competent (and control the oil) while the rest of the government is a clown show.