http://erwin400.blogspot.nl/2018/02/more-ares-retro-ferrari-400-412.html
And now I hit this recent post on Instagram. The comments seems to confirm it's indeed located in Saudi Arabia. And apparently the owner has plans to restore it, so who knows more photo's and detail will show up.
Update 19-12-2018: I was triggered by a posting on FChat, apparently new footage was posted on Instagram. So I made some screenshots:
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