Is Saudi Arabia biting off more than it can chew?

With plans for brand new megacities, allowing women to drive and foreign-run cinemas, Saudi Arabia's Crown Prince Mohammed bin Salman is on a charm offensive trying to promote his country as an international investment destination. The strategy aims at luring foreign money to help the world's biggest oil exporter create a new economy away from oil dependency in order to prevent future instability. On Wednesday, the International Monetary Fund (IMF) said Riyadh's break-even oil price for 2018 is likely to be around $88 a barrel. North Sea Brent is currently trading down around $74 a barrel. And although the oil price is up considerably from 2014, the director of the IMF's Middle East department Jihad Azour said the focus in Saudi needs to remain on economic and social reforms.