diff --git a/optimum/intel/version.py b/optimum/intel/version.py
index b565f94bdf..51a1a4a3ea 100644
--- a/optimum/intel/version.py
+++ b/optimum/intel/version.py
@@ -12,4 +12,4 @@
 #  See the License for the specific language governing permissions and
 #  limitations under the License.
 
-__version__ = "1.7.0.dev0"
+__version__ = "1.7.0"