190' Ocean One

This yacht was to be built in Egypt and launched last year. Hovever, we have not heard anything since 2003 on this agressive design by Ken Freivokh scheduled to reach 30 knots. The shipyard Ocean Classic seems to have closed. Any news about this project ? As far as I am concerned I am sure that the construction started but then...
http://www.freivokh.com/page/testcy on the left menu look for 190' "Ocean One"