This is the 8604th most frequent Japanese word.
擁する
To possess, have, or hold.
擁する here conveys the meaning of possessing or owning something beneficial or valuable, in this case, resources that are abundant in the region.
この地域は豊かな資源を擁しています。
This region possesses rich resources.
擁する refers to having or holding personal qualities, highlighting the individual's talents and skills.
彼は多くの才能を擁している優れた画家です。
He is an excellent painter who possesses many talents.
擁する implies holding or having something intangible like support or popularity from others toward someone or something.