Adek Berry | Afp | Getty ImagesIndonesia has ambitious plans to relocate its capital from Jakarta to Nusantara in East Kalimantan. Nusantara National Capital Authority, a government agency charged with planning and constructing the new capital, did not immediately respond to CNBC's request for comment. The new Presidential Palace under construction at the country's new capital Nusantara. Bloomberg | Bloomberg | Getty ImagesA lack of demand for service-led jobs is another challenge Archer predicted. Bloomberg | Bloomberg | Getty Images

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Persons: Adek Berry, Joko Widodo's, Melinda Martinus, Martinus, Ju Ye Lee, Bagus Saragih, Agung Wicaksono, it's, Wicaksono, Bruno Lanvin, Joko Widodo, Diane Archer, Archer, Lanvin, Maybank's Lee Organizations: Nusantara, Afp, Getty, Indonesia, Cultural Affairs, Yusof, CNBC, Nusantara National Capital Authority, country's Ministry, Public, Agung Wicaksono Nusantara National Capital Authority, Maybank Investment Banking Group, Smart, IMD Business School, Bloomberg, Ciputra, Stockholm Environment Institute, Nusantara . Bloomberg Locations: Jakarta, Nusantara, East Kalimantan, Indonesian, Indonesia, Singapore, Agung Wicaksono, Asia, Pacific, Nusantara ., Stockholm, Diane Archer Stockholm, Kalimantan