With all of the fuss about the Strait of Hormuz, and also remember what a global issue it was during the 1980s. Ronald Reagan sent warships to make sure that it stayed open. This could be a golden opportunity for the United Arab Emirates. If the Emirates can build the tallest building in the world, the Burj Khalifa, and send a spacecraft to Mars, then why couldn't it build a canal that would circumvent the troublesome Strait of Hormuz?
In the following image, from Google Earth, Iran is at the top and the United Arab Emirates is at the bottom. The Strait of Hormuz is the narrow waterway between the two. The red line could be a canal that would enable ships to avoid the Strait, with it's western entrance between Dubai and Abu Dhabi. This would certainly lower insurance rates for the ships and enable the Emirates to charge tolls. Regardless of how much money it made it would boost the Emirates position in the world.
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