Unable to build generated Qt for MCUs project

Qt Design studio version - 2.0.0

Qt for MCUs version - 1.7 (3e51235712af0946c8b148aafedef2515e85e401)

Issue-
Unable to build the MCU project created in Qt design studio, with Qt for MCUs 1.7

Steps Followed-

• Created a new project in Qt design studio for MCU and saved it to file system
• Opened main directory of saved QDS project for MCU which contains CMakeLists.txt file
• Applied following commands 

set Qul_DIR=<qul_dir>\lib\cmake\Qul
mkdir build
cd build
cmake .. -DQUL_PLATFORM=Qt -Ax64
cmake --build . --config Release

Putting full log in the attached file.