This study explores the process of social capital development and the influence of space that leads to the formation of different types of social capital among mega sport event volunteers. A qualitative approach was utilized to ensure the collection of in-depth data on participants’ subjective volunteering experience and its relation to the creation of social capital. Findings revealed the development of social capital by the volunteers both in and out of event venues, which are defined as event related and peripheral spaces. The process of developing network through bridging was attributed to the proclivity of peripheral spaces to provide proximity and composition necessary to build and enrich interactions, while bonding was the primary mechanism to associate with others on event-related places.