diff --git a/inference-engine/src/CMakeLists.txt b/inference-engine/src/CMakeLists.txt
index 0ba0dd7849e..e6f827715d6 100644
--- a/inference-engine/src/CMakeLists.txt
+++ b/inference-engine/src/CMakeLists.txt
@@ -33,3 +33,15 @@ add_subdirectory(transformations)
 add_subdirectory(inference_engine)
 
 add_subdirectory(low_precision_transformations)
+
+# add a custom target to build all Inference Engine Core libraries
+
+add_custom_target(ie_libraries ALL
+                  DEPENDS inference_engine_transformations inference_engine_legacy
+                          inference_engine inference_engine_preproc
+                          inference_engine_ir_v7_reader inference_engine_ir_reader
+                          inference_engine_lp_transformations)
+
+if(NGRAPH_ONNX_IMPORT_ENABLE)
+    add_dependencies(ie_libraries inference_engine_onnx_reader)
+endif()