Hi 'Saidman',
As far as I know, the issue that the screenshot shows is with the location of the data (programming issue is solved!).
I think that you could, in Visual Studio, in design view, set the Map Control's Map document property and set it to show it in 'preview' to confirm if, in design view, you are neither seeing the map. Verify the map's data location, the map document's Pathnames property (is it storing relative pathnames to data sources?) and be sure to open in the engine application exactly the same map document (not a copy) that you are opening in ArcMAP.
Regards,
Jaime