Dubai, part of the Unites Arab Emirates, is a regional business and tourism hub. It has the hydrocarbon-rich region's most diversified economy and was one of the hardest hit by the coronavirus pandemic.
The plan includes changes to the legislative and investment environment and steps to attract innovators, investors and entrepreneurs.
"We think that the measures implemented by most central banks in the region are supportive of liquidity but do not remove or reduce credit risk from the balance sheet of banks (yet)," said S&P.
The world's fair, which had been due to run from October 2020 to April this year, was delayed last May after participating countries said they needed to focus on tackling the spread of infections.
We are committed to hosting Expo in October 2021. We are following all the guidelines.