If you look at the construction video, it looks like new construction. Their website is also interesting.
Yeah - I saw the videos earlier I just can't be 100% certain it was brand new. My gut feeling is that yes, it is, but the original articles in the Egyptian press said 'maintenance' - which may be a smokescreen, but equally, I have it on good authority that other boats that have been sold as 'new' were actually modifications...