diff --git a/CMakeLists.txt b/CMakeLists.txt
index 50aeeb7541..a3a23d5941 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -90,7 +90,7 @@ include(ROCMCheckTargetIds)
 ###############################################################################
 rocm_setup_version(VERSION 2.0.0)
 
-project(rocshmem CXX)
+project(rocshmem VERSION 2.0.0 LANGUAGES CXX)
 
 ###############################################################################
 # SET GPU ARCHITECTURES
@@ -250,6 +250,8 @@ rocm_package_add_dependencies(
     hsa-rocr
     "hip-runtime-amd >= 6.2.2"
     "rocm-dev >= 6.2.2"
+    "openmpi >= 5.0.6"
+    "ucx >= 1.17.0"
 )
 
 rocm_create_package(
diff --git a/README.md b/README.md
index eea481f414..1dfeb0b0d7 100644
--- a/README.md
+++ b/README.md
@@ -164,5 +164,13 @@ make -j 8
 make -j 8 install
 ```
 
+Alternatively, we have script to install dependencies.
+However, it is not gauranteed to work and perform optimally on all platforms.
+Configuration options are platform dependent.
+
+```
+./scripts/install_dependencies.sh
+```
+
 For more information on OpenMPI-UCX support, please visit:
 https://rocm.docs.amd.com/en/latest/how-to/gpu-enabled-mpi.html
diff --git a/scripts/install_dependencies.sh b/scripts/install_dependencies.sh
new file mode 100755
index 0000000000..3be42542ba
--- /dev/null
+++ b/scripts/install_dependencies.sh
@@ -0,0 +1,68 @@
+#!/bin/bash
+
+set -e
+set -o pipefail
+
+if [[ -z "${_ROCM_DIR}" ]]; then
+  export _ROCM_DIR=/opt/rocm
+fi
+
+# Location of dependencies source code
+export _INSTALL_DIR=$HOME/installDIR
+export _DEPS_SRC_DIR=$_INSTALL_DIR/src
+
+mkdir -p $_DEPS_SRC_DIR
+
+#Adjust branches and installation location as necessary
+export _UCX_INSTALL_DIR=$_INSTALL_DIR/ucx
+export _UCX_REPO=https://github.com/openucx/ucx.git
+export _UCX_BRANCH=v1.17.x
+
+export _OMPI_INSTALL_DIR=$_INSTALL_DIR/ompi
+export _OMPI_REPO=https://github.com/open-mpi/ompi.git
+export _OMPI_BRANCH=v5.0.x
+
+# Step 1: Build UCX with ROCm support
+cd $_DEPS_SRC_DIR
+rm -rf ucx
+git clone $_UCX_REPO -b $_UCX_BRANCH
+cd ucx
+./autogen.sh
+./contrib/configure-release --prefix=$_UCX_INSTALL_DIR \
+                            --with-rocm=$_ROCM_DIR     \
+                            --enable-mt                \
+                            --without-go               \
+                            --without-java             \
+                            --without-cuda             \
+                            --without-knem
+make -j
+make install
+
+# Step 3: Install OpenMPI with UCX support
+cd $_DEPS_SRC_DIR
+rm -rf ompi
+git clone --recursive $_OMPI_REPO -b $_OMPI_BRANCH
+cd ompi
+./autogen.pl
+./configure --prefix=$_OMPI_INSTALL_DIR  \
+            --with-rocm=$_ROCM_DIR       \
+            --with-ucx=$_UCX_INSTALL_DIR \
+            --disable-oshmem             \
+            --with-prrte=internal        \
+            --with-hwloc=internal        \
+            --with-libevent=internal     \
+            --without-cuda               \
+            --disable-sphinx             \
+            --disable-mpi-fortran        \
+            --without-ofi
+make -j
+make install
+
+rm -rf $_DEPS_SRC_DIR
+
+echo "Dependencies for rocSHMEM are now installed"
+echo ""
+echo "UCX $_UCX_BRANCH Installed to $_UCX_INSTALL_DIR"
+echo "OpenMPI $_OMPI_BRANCH Installed to $_OMPI_INSTALL_DIR"
+echo ""
+echo "Please update your PATH and LD_LIBRARY_PATH"