Tibbi · مشروع شفاء — Silivri, Istanbul
Own a producing greenhouse allocation inside a large agricultural project.
Tibbi is a 49,000 m² medicinal-plant greenhouse on 61,372 m² of land in Silivri, Istanbul. The greenhouse is what this offer is about: you take an allocation inside it, you own the assets in your area, and Efarms operates the greenhouse for you — asset-backed, halal in structure, and managed by the team that built it. The CO₂ extraction facility planned beside it is a separate Efarms project, with its own budget and its own investors.
- Project
- Tibbi — Çeltik Village, Silivri, Istanbul: a 49,000 m² medicinal-plant greenhouse on 61,372 m² of land. Your allocation is in the greenhouse. The 1,000 m² CO₂ extraction facility is a separate Efarms project on the same site, with its own budget.
- Price
- $112.62 per m² — the full turnkey controlled-environment build cost per square metre, heating and cooling included.
- Minimum allocation
- 500 m², approximately $56,310, in steps of 500 m² up to the full 49,000 m².
- Profit split
- The investor receives 70% of the greenhouse's net profit, pro rata to the allocation; Efarms operates the greenhouse for a fixed 30% under a 10-year renewable management contract. Extraction, hydrosol and by-product profits belong to those separate projects.
- What you own
- Everything above ground inside your area, including tools and equipment. The land is leased, so no land share is transferred.
- Project status
- Built and equipped for the current phase; electrical works and seedling planting remain before production starts.
Every figure describing future performance on this page is a feasibility-based projection, not a guarantee.
The offer
One price per square metre. You choose the size.
Pricing is per square metre of the greenhouse, because the infrastructure that makes the greenhouse work — the heating plant, the climate control, the irrigation and fertigation lines, the automation and the water systems — serves every square metre. That is the only basis that treats a small allocation and a large one fairly.
VAT treatment and applicable government incentives are clarified during consultation.
In accordance with Turkish regulations, investments and distributions are made in Turkish lira (TRY). Dollar amounts shown here are indicative only, converted at a reference rate of ₺43.50 to the dollar for illustration. If you want to be paid in dollars, the conversion is arranged at the market rate on the day it is made — and because the lira moves against the dollar, your actual dollar return will differ from the figures shown. It may be lower, and it may be higher.
One class of partnership
Every partner has the same rights. Only the size changes.
There are no tiers here, and no privilege attached to a larger cheque. Whether you take the 500 m² minimum or a substantial part of the facility, you hold the same class of partnership, with the same vote and the same information. What your allocation decides is your share of the result — nothing else.
The same vote
Every partner votes on partner matters. Voting rights do not scale with the size of an allocation, and no allocation buys a board seat or an advisory place that another partner does not have.
Distributions pro rata
The greenhouse's net profit is distributed 70% to partners and 30% to Efarms as operator. Your part of the 70% is exactly the proportion of the production area you hold — no more, no less.
The same information
The My Farm dashboard, the quarterly reporting on the project and on your own area once production begins, and site visits in Silivri by appointment are open to every partner on identical terms.
The same safeguard
The independence safeguard belongs to every partner: if you can demonstrate better management or a better income opportunity for your area, you may take over its operation through a board decision.
From 500 m², in steps of 500 m², up to the full 49,000 m².
Projected annual distribution
Dollar amounts are indicative only, converted at a reference rate of ₺43.50 to the dollar. If you want to be paid in dollars, the conversion is arranged at the market rate on the day it is made — so your actual dollar return may be lower or higher.
Feasibility-based projection, not a guarantee. Results may be higher or lower than either scenario.
Efarms designs, builds and operates complete projects A→Z, for 30% of the profits.
The price is $112.62 per m² at every size — it does not fall for a larger allocation and it does not rise for a smaller one. Allocations start at 500 m² and grow in 500 m² steps, up to the full 49,000 m² production area.
What you own
Above-ground assets in your area — and no surprises.
Everything above ground in your allocation
The greenhouse structure, the hydroponic and fertigation systems, the climate equipment and the tools serving your allocated area belong to you.
The land is leased
The land is held under lease, not freehold, and your allocation does not include a share of it. We say so here because you will read it in the contract anyway.
Insurance and operations are project-wide
Insurance, maintenance, agronomy, security and biosecurity are organised comprehensively for the whole project rather than allocation by allocation.
You participate in the greenhouse result
Distributions are calculated on the result of the greenhouse operation as a whole — every bay, every crop, every cycle — not on a single crop bay. The extraction, hydrosol and by-product lines are separate projects and do not enter this calculation.
Separate projects
Extraction and hydrosols are funded on their own.
Efarms is developing a supercritical CO₂ extraction facility, a hydrosol line and a dried by-product line on the same site. They are separate projects, with separate budgets, separate feasibility figures and separate investors. An allocation on this page buys into the greenhouse, and your distributions are calculated on the greenhouse result alone. We state it plainly, because the difference is worth money.
The greenhouse sells its harvest at market
Biomass goes wherever it fetches the best price — fresh, dried, to processors, to exporters. The extraction facility is one potential buyer among several, on ordinary commercial terms. It is not a captive channel, and the greenhouse is never obliged to sell to it.
Extraction is the next phase, not this one
The 1,000 m² supercritical CO₂ facility is the step after the greenhouse. It carries its own investment budget and its own projected returns, and those returns belong to whoever funds that project.
You can fund that project instead — or as well
The extraction facility, the hydrosol line and the dried by-product line are open to an investor who wants to fund one of them, in part or in full. If that is the conversation you want, say so and the investor desk will open the file.
How it works
Five steps from the first call to the first distribution.
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Consult
A conversation in Arabic or English with the investor desk: the project, the contract, the numbers, and the questions you actually have. No obligation.
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Reserve & contract
You reserve the allocation you want and sign the contract, which sets out the area, the assets, the management terms and the distribution rule.
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Commissioning & planting
Your allocation is commissioned with the rest of its phase and planted according to the crop program.
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Cultivation & harvests
Efarms grows, harvests and processes continuously — the feasibility study models 9.13 harvest cycles per year across the project.
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Distributions
The greenhouse's net profit is distributed 70% to investors, pro rata to each investment, and 30% to Efarms as operator, under a 10-year renewable management contract.
Partnership, not products
You are not buying equipment.
This matters, so it is worth stating plainly: you are not purchasing a greenhouse kit, and Efarms is not a supplier selling you hardware. You become a partner in a large greenhouse operation with one operating team, one crop program, one commercial desk and one set of accounts. Your allocation defines the size of your participation — it is not a separate business you would have to run.
Governance guarantee
The independence clause.
If an investor can demonstrate a better management or income opportunity for the area he owns, he may take over its operation through a board decision. Investors are never locked into weak management — and that clause is the strongest incentive we have to manage the project well.
The gothic-arch structure above the growing bays at Tibbi Silivri — the asset an allocation buys into.
The numbers
What the feasibility study projects.
Every figure below comes from the greenhouse feasibility study, which uses conservative assumptions. They describe the greenhouse operation at project level — not a promise, and not a personal return.
The figures above cover the greenhouse only. They are project-level results from the feasibility study, calculated before the 70/30 split between investors and the operator, so they are not an investor payback period. The same study also models the CO₂ extraction facility, the hydrosol line and the dried by-product line — those are separate projects with separate budgets, and their results are not part of an allocation bought here. A projection for your own allocation, at the size you are considering, is prepared with you during the consultation.
Three prices, three outcomes
We plan against the lowest price in the room.
The whole model turns on one number: the price per kilogram of fresh mint. The feasibility study was built on ₺45 — well below what the market pays today — and that is the case we plan against. The other two columns show what the same project does at a higher price. Read the first column as the plan and the rest as upside.
| Price per kg | Feasibility base ₺45 Feasibility base — the case we plan against | ₺80 Planning price | ₺140 Current market reference (August 2026) — not a promise |
|---|---|---|---|
| Annual greenhouse revenue | ₺156.1M | ₺277.6M | ₺485.7M |
| Net to investors (70%, after tax) | ₺52.5M | ₺116.3M | ₺225.6M |
| Per m² per year | ₺1,072 ≈ $24.6 | ₺2,373 ≈ $54.6 | ₺4,603 ≈ $105.8 |
| Investor payback | ≈ 4.6 yrs | ≈ 2.1 yrs | ≈ 1.1 yr |
Method and assumptions: net output of 3,469,400 kg per year after processing loss, from the feasibility study; the cost structure of the feasibility study; a 30% operator share and 25% corporate tax deducted before the figures shown; an investor cost of ₺4,898.34 per m², shown as $112.62 at an indicative reference rate of ₺43.50 to the dollar; that rate held constant for the projection only — the market rate moves, so dollar results will differ. The ₺140 column is a current market reference for August 2026 provided by the client — a spot price, not a forecast, and not a promise. All three columns are projections, not guarantees: agricultural prices, yields and exchange rates move, and results may be higher or lower than any column shown.
Where the ₺140 column comes from: it reflects inbound B2B offers received from pharmaceutical buyers in August 2026 — a reference point from our own order book, not a published quotation, and never presented as a market price we can guarantee. As an independent public benchmark for the same period, dried mint wholesales at roughly ₺170 per kilogram in 25 kg bulk (marasgurme.com, 2026; tarimziraat.com price tracker). Fresh and dried prices are not directly comparable, so the benchmark is given as context rather than as a substitute.
A projection for your own allocation — your size, your assumptions, your currency of distribution — is prepared with you during the consultation.
Project status
Built and equipped. Production starts as final commissioning completes.
Construction and equipment installation are complete for the current phase. Electrical works and the first seedling planting remain before production begins. We do not describe the project as producing until the first planting is in the ground — and you are welcome to verify the state of the site on a visit.
20% complete
Phase-1 completion
Questions
Six answers before you call.
- What is the minimum amount?
- The smallest allocation currently offered is 500 m², about $56,310 at $112.62 per m². Allocations grow in 500 m² steps from there, up to full partnership in the project — and the price per square metre is the same at every size.
- What exactly do I own?
- All above-ground assets inside your allocated area, including the equipment serving it. The land is leased, so no land share is included — that is in the contract, and it is on this page.
- Is it Sharia-compliant?
- The structure has been reviewed for compliance, and a Salam-based structure is available for investors who require it. The mechanics are set out under investment structuring and are reviewed with you before signing.
- Can I visit the project?
- Yes — site visits in Silivri are arranged by appointment. Seeing the site is the fastest way to check everything on this page.
- How are profits paid?
- The greenhouse's net profit is distributed 70% to investors, pro rata to each investment, and 30% to Efarms as operator under a 10-year renewable management contract. Timing and reporting are fixed in the contract. In accordance with Turkish regulations, investments and distributions are made in Turkish lira (TRY). Dollar amounts shown here are indicative only, converted at a reference rate of ₺43.50 to the dollar for illustration. If you want to be paid in dollars, the conversion is arranged at the market rate on the day it is made — and because the lira moves against the dollar, your actual dollar return will differ from the figures shown. It may be lower, and it may be higher.
- What if I am not satisfied with the management?
- The independence clause lets an owner take over the operation of his own area through a board decision, if he can demonstrate better management or a better income opportunity.